Hi-Tech

Volvo May Stop Developing New Diesel Engines to Better Compete With Tesla

Andres Norman

May 19, 2017

Volvo CEO Hakan Samuelsson has revealed that this generation of diesel engines could be the company's last.

"From today's perspective, we will not develop any more new generation diesel engines", Samuelsson told German's Frankfurter Allgemeine Zeitung in an interview.

Until 2020, Samuelsson noted diesels are still necessary to meet the European Union's tightening emissions standards, and could remain in production until 2023 or so with a mid-life refresh to keep them as clean and efficient as possible. That's down to anticipated high costs for making diesels compliant with upcoming emissions standards.

It appears that Volvo is staying true to their words after Samuelsson said that they have stopped development on diesel engines. The company is expected to first introduce a pure electric model in 2019 that would compete with the Tesla Model 3.

"We have to recognise that Tesla has managed to offer such a vehicle for which people are lining up".

Goldman Sachs believes a regulatory crackdown could add €300 (RM1, 438) per engine to diesel costs that are already some €1,300 above their petrol-powered equivalents, as carmakers race to bring real NOx emissions closer to their much lower test-bench scores.

Samuelsson had earlier said that eventually the higher cost of complying with tighter emissions rules will increase the price of diesel cars to the point where plug-in hybrids will become an attractive alternative. This is partly due to the popularity of diesel vehicles in Europe, accounting for over 50% of all new registrations there.

Some 90 percent of XC90s sold in Europe are diesels, but that sounds like it's going to change in the future.

Efron also dished to ET about whether Johnson was a better kisser than his other Baywatch co-star, Alexandra Daddario . She even trips over, or at least does so intentionally, only to fall in the arms of The Rock.

From the letter, it looks like group tried auctioning these hacking tools, but they didn't really find buyers for the same. This isn't the first time the group has attempted to sell its exploits and cyber-weaponry.

Analysts await Campbell Soup Company (NASDAQ:CPB) to report earnings on May, 19 for the fiscal quarter ending April 2017. Company's distance from 20 day simple moving average is -0.72% and distance from 50-Day simple moving average is -0.70%.

Combined with the low-power processors and low-resolution screens, both phones should have great battery life in real-world usage. The 2015 Moto X series had three versions of the phone, including the Moto X Force, which has a shatterproof display .

A sign displays the news that former Fox News Chairman and CEO Roger Ailes has died, on the outside Fox News headquarters in NY . Florida's asset protection law makes it much more hard for a current or future creditor to collect on a debtor's assets.

However, Microsoft has not detailed much about the new feature, it neither provided how the compatibility will look like. Windows 10 S users can now use their iPhones, iPads, and other iOS devices with their Windows PC.

Salvador Sobral is an extraordinary singer. "Music is not fireworks, music is feeling", he said while accepting the award. It has been only a matter of days since Salvador Sobral won for Portugal with a record number of points.

Now, the Trump administration is considering expanding its ban on laptops to commercial US-bound flights from Europe. In March, the United Kingdom also banned electronics on some flights from the Middle East .

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Sunken Place Steve Harvey's Ex-Wife Suing Him For $60M
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Tendulkar receives blessings from PM Modi for "Sachin"
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REAL ID Finally a Done Deal in Minnesota
The votes, 120-11 in the House and 57-8 in the Senate, came Wednesday to help end the saga of bringing Real ID to the state. Officials say its passage allows the state to get an extension for using standard driver's licenses until October 2020.

Dealmaker Trump will be busy in Saudi Arabia
Asked about any possible meeting with Donald Trump and other leaders on the sidelines, the foreign minister said, "Let's see". Toby Keith is set to hold a free concert in Saudi Arabia this weekend during President Trump's first official visit.

One-Third Of Iowa Corn Crop Was Planted In One Week
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